Professional Documents
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15 Australia and New Zealand 10 Brazil China, People's Republic of Germany 5 India Japan 0 2007 -5 2008 2009 2010 Mexico Spain Thailand United Kingdom United States -10
Closer to Retirement but with depleted savings Average deferral rates are 6-7% but need to be higher
45% 43%
37%
Asset Allocation mismatch 27% of participants aged 5665 have at least 90% of portfolio in Equities
52%
> 90%
90-80%
70-80%
27% of participants aged 56-65 have at least 90% of their portfolio in Equities
Average person has $70,970 balance in 2009, compared to $79,570 in 2007 Cant rely on equity markets alone
Return to S&P 500 in 2009 was 23% Will be difficult to repeat in slow growth environment
$79,570
$80,000
$76,000
$72,000
$70,970
$68,000
2009
2007
population in millions
612
583
Mexico
Goldman Sachs, UN World Report, CIA FactBook, IBGE, Deutsche Bank, McKinsey, ADB, Chulalongkorn Univ, Central Bureau of Statistics and estimates
30%
0%
Center for Retirement Research at BC, Feb 2010, Sass, Monk, Haverstick
Client Focus
Bundled Packaged Solutions
Target Date or Target Risk Solutions
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Center for Retirement Research at BC, Feb 2010, Sass, Monk, Haverstick
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Thank you!
http://www.youtube.com/watch?v=zrC8DC1vl-s
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